FINANCIAL_SERVICESAPPROVED

County of Prince Edward Council Agenda 2026-06-23

Council Approves $31M OILC Loan for Wellington Infrastructure

Up to $31,132,293County of Prince EdwardONTARIO INFRASTRUCTURE AND LANDS CORPORATIONJune 20, 2026

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Description

Council authorized long-term borrowing of up to $31,132,293 from Ontario Infrastructure and Lands Corporation with a 40-year term to finance Wellington trunk infrastructure projects.

Contract Details

Contract Amount

Up to $31,132,293

Vendor

ONTARIO INFRASTRUCTURE AND LANDS CORPORATION

Agency

County of Prince Edward, Canada

Contract Type

FINANCIAL_SERVICES

Document Date

June 20, 2026

Contract Term

40 years (approved amortization); loan for infrastructure projects

Renewal Date

2066-06-23

Renewal Info

Amortization period approved for 40 years, exceeding the usual 30-year County policy limit.

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